Amazon.com Inc. (NASDAQ: AMZN) has just posted earnings. The online retail giant has posted earnings of $0.41 in non-GAAP EPS and $4.89 billion in revenue. Thomson Reuters had estimates of $0.31 EPS and $4.76…
Microsoft Corp. (MSFT) will announce its highly awaited earnings after the close today. Analysts are expecting $0.39 EPS on $14.09 billion in revenues. That Thomson Reuters consensus number would compare to $0.47 EPS and…
Why we should all bow before Elizabeth Warren (even if you’ve never heard of her). By James Scurlock of The Big Money Five years from now, when Tesla Sedans and Facebook and American Idol…
The US Treasury is ready to open the floodgates next week in its planned Treasury auctions. This pertains to its T-Bills and to coupon maturity notes. The total tab looks like it will come…
United Parcel Service, Inc. (NYSE: UPS) is trading off after the company reported poor earnings this morning. There is an interesting angle here that could reflect on Amazon.com Inc. (NASDAQ: AMZN) ahead of its…
Electricity generator Exelon Corporation (NYSE:EXC) this morning reported EPS of $1.08 on revenue of $4.77 billion. Analysts’ estimates averaged EPS of $1.14 and revenue of $4.62 billion. Non-GAAP EPS was $1.20.
Two oilfield services players reported earnings this morning. National Oilwell Varco, Inc. (NYSE:NOV) and Diamond Offshore Drilling Inc. (NYSE:DO) both beat expectations, but only Diamond is getting a boost this morning.
Solar PV maker SunPower Corp. (NASDAQ: SPWRA) has won a two-year supply agreement with FPL Group (NYSE: FPL) for solar panels and tracking technology. The contract begins next year. SunPower has also agreed to…
Occidental Petroleum Corp. (NYSE:OXY) and ConocoPhillips Corp. (NYSE:COP) reported a mixed bag of first quarter 2009 earnings this morning. Net income met analysts’ expectations, but revenue did not.
VMware, Inc. (NYSE: VMW) is down sharply this morning on fairly aggressive selling. The company’s guidance is the culprit, and that is on top of soft revenues. Then this morning we have seen many…
The Labor Department has released its figures on weekly jobless claims, and the results are a gain of 27,000 to 640,000. The numbers from last week’s huge drop went from 610,000 to a revised…
By John Tamny of RealClearMarkets MIT economist Lester Thurow once observed that, “One man’s security is another man’s lack of opportunity.” Thurow’s words take on greater relevance today given the seeming reluctance on the…
These are ten of the top analyst upgrades and downgrades that are independent of earnings news from Wall Street this Thursday morning: ABB (ABB) Cut to Hold at Societe Generale. Air Products (APD) Raised…
The purpose of the government’s stress tests of the nation’s 19 largest banks is to find out which will need capital. The evaluations are based on several artificial, and, perhaps, unrealistic criteria. One is…
The Treasury has started to sweeten terms for Chrysler creditors in an attempt to keep the car company out of Chapter 11. According to The Wall Street Journal, “The Treasury now proposes that the…
Ken Lewis, head of Bank of America (BAC), may be the most reviled financial executive in the United States. He bought Merrill Lynch when it was hemorrhaging money. He let big bonuses to Merrill…
When General Growth, the big mall owner, declared bankruptcy last week, experts speculated that large banks were about to face another string of losses from commercial real estate. Bank stocks have been down over…
As the executives at Apple (AAPL) were passing around the Dom Perignon, their counterparts at other companies which design and manufacture smartphones were putting all sharp objects out of reach. In a recession, there…
According to Reuters, a bill to restrict credit card charges cleared a key committee in Congress. Reuters reports that Ken Lewis of Bank of America (BAC) says his firm what urged by the Treasury…
Markets in Asia were mostly higher. The Nikkei was up 1.4% to 8,847. The Hang Seng was 1.5% to 15,094. The Shanghai Composite rose .1% to 2,464. At the open in Europe, the FTSE…